The years of the great depression, the symbols of economic failure were the long line of citizen queuing up at Soup kitchens, and growing shanty towns for the homeless. This was the corollary of a great economic change.
Today, we are also living in the crossroads of great economic change, a turn that is transforming existing economies that should finally lead to a more sustainable New Economy.
Trickle Up Poverty
The extreme cost of this turn could be the impoverishment of millions, who are adjusting to the end of the old economy, into the first months of our economic transformation. Creating employment could be the key to reducing poverty, whilst creating hope.
1. Community Help
Communities hit hard by the current economic crisis, may need to resort to self-help tactics. This could mean, setting up society food banks, encouraging volunteers to seek out the worst effected by this crisis, and encouraging clothes and treatment collections. That can be distributed to those suffering the most.
2. Governmental Assistance
Governments may find themselves short of funds in the long term, and may have to cut or even stop unavoidable pre-crisis benefits to equilibrium budgets. One way our governments may choose to help the worst affected, is to offer tax holidays for low paid workers, New deal company start up schemes, and generate temporary society housing schemes in empty government owned reprocessed properties at reduced rents.
3. Self Employment
Governments could encourage self-employment by sponsoring society operation groups, and slashing taxes and cutting down on restrictive bureaucratic practices to anything waiting for help.
4, Re-Training Programs
Some jobs in the old pre-crisis cheaper are now obsolete, pin-pointing the unemployed who did these jobs, and now need re-training for jobs that exist in the current economy, could cut poverty levels by their millions. Some current Governments acknowledge that unemployment levels still exceed job vacancies in many Countries. Re-training and re-location schemes could cut the level of unemployed, whilst filling these current vacancies.
5. Infrastructure Projects
How cash-strapped Governments pay for repairing existing infrastructure projects is a major question. Any way in the 1930s, the New Deal did offer employment to millions who were otherwise facing destitution and long term unemployment.
Infrastructural projects cooperating with localized industry, is a duplicate win-win situation in the short term. Local industries employ citizen for these projects, whilst governments fund these projects, in return taxes from these Industries, and employees pay for the projects. This may stimulate local economies, and re-build communities worse effected by this current crisis.
6. Green Grants
If normal Motors or Ford were offered a Green Grant, to turn their procedure of manufacturing inefficient gasoline driven cars, towards Green cars. Then both associates could reinvent themselves, offer employment during the current economic transformation, and emerge as a rising star in the new economy.
Green Grants may not be cash incentives, they could be in the form of reduced taxes, promises of time to come business, and even untaxed society led programs.
To offset the loss of taxes, in the case of petrol driven cars, high taxes could be imposed on less fuel productive cars, whilst lowering taxation levels on more 'greener" cars.
7. Employment Driven Policies
In the old pre-crisis Economy, we were encouraged to look at labor savings, rather then encourage employment. Now in a temporary era of unemployment, we need to focus on labor creating ideas, rather then the old idea of labor saving.Reducing the dependency on our Governments to supply unemployment benefits whilst creating new short-term unemployment could make economic sense, especially as developed economies could face financial restraints.
8. Self Learning
Encouraging self-learning rather then forced learning, through society centers, and social libraries could train individuals to meet the future. citizen could be encouraged to visit these centers, by chance them up, supplying voluntary counselors and even paying part-time trainers.
Labor creation is good than labor saving, society self-help groups can take the pressure off governments to provide, lowering unemployment benefits, whilst re-training and contribution employment alternatives creates opportunity. contribution incentives in terms of business, through taxation policies leads to building new industries, but also reinventing the old. Thus reducing the chances of meeting the New cheaper in a weakened state, but rather in a healthier more viable state, ready for the future.
Eight Ways to create Sustainable Employment during an Economic urgency
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